Strategy – Page 62
-
NewsDelta posts $735m profit as leisure and international travel come back strong
Delta Air Lines posted a $735 million profit for the second quarter of 2022, with its post-Covid-19 recovery still driven by leisure-travel demand and as international travel returns slowly to pre-pandemic levels.
-
NewsSpirit again postpones Frontier acquisition vote
Spirit Airlines has again delayed a planned shareholder meeting as it seeks to garner more stockholder support for a planned acquisition by Frontier Airlines.
-
NewsEU considers return to 80:20 airport slot rule but with relief tool
The European Commission has proposed a return to the pre-Covid 80:20 ‘use it or lose it’ airport slot rule in the coming winter season, but with exceptions in the case of significant air-travel disruption.
-
NewsHeathrow airport caps daily passengers and tells airlines to halt ticket sales
London Heathrow airport has announced a capacity cap for the peak summer travel season and requested that its airline customers stop selling tickets for the period, citing the challenges posed by the “legacy of Covid”.
-
NewsNorwegian signs pact to to pursue network link-up with Wideroe
Norwegian has signed a letter of intent to co-operate with compatriot carrier Wideroe under a partnership which aims to link their respective networks.
-
NewsFrontier will not sweeten its offer to buy Spirit, asks for delay to shareholder vote
Frontier Airlines says it will not further sweeten its offer to acquire Spirit Airlines and has asked Spirit to consider further delaying a shareholder vote.
-
NewsLion Air Group ‘still committed’ to 737 Max: Chairman
Lion Air Group chairman Rusdi Kirana has reiterated the airline group’s commitment to the Boeing 737 Max, with Malaysian unit Batik Air Malaysia set to take its first Max 9 aircraft early 2023.
-
NewsANA switches two 777-9 orders to freighter, firms Max commitment
All Nippon Airways has firmed a preliminary commitment for up to 30 Boeing 737 Max 8s struck two-and-a-half years ago and will convert two of its orders for the 777-9 to the manufacturer’s new 777-8 Freighter.
-
NewsSpirit delays shareholder vote on Frontier deal for the third time
Spirit has delayed its special shareholder meeting to vote on an acquisition bid by Frontier Airlines for the third time.
-
NewsCebu Pacific restores 88% of capacity on soaring domestic demand
Cebu Pacific will operate at 88% pre-pandemic capacity this month, amid a network-wide boost that sees its domestic capacity already surpassing pre-pandemic levels.
-
NewsUS DOT grants Connect Airlines operating certificate
The US Department of Transportation (DOT) has issued Connect Airlines a certificate of convenience and necessity, clearing the way for the start-up to begin FAA-mandated proving runs ahead of launching revenue service later this year.
-
NewsJapan, India capacity boost lifts SIA Group closer to full recovery
Singapore Airlines Group is to boost capacity to points in India and Japan, as part of a network ramp-up that will see it operating close to 81% pre-pandemic capacity by the end of the year.
-
PodcastAirline Business Podcast: IATA AGM talking points and A380 return
Graham and Lewis consider the main talking points from the recent IATA AGM in Doha, at which the association outlined an improved economic outlook for the industry. At the same time as better news on Covid restrictions being dropped, however, executives also acknowledged a new set of headwinds. They also ...
-
NewsEasyJet operating chief resigns
Peter Bellew has resigned from his position as EasyJet’s chief operating officer to “pursue other business opportunities”, the UK-based low-cost carrier announced on 4 July. EasyJet’s statement to the London Stock Exchange does not suggest the decision relates to the operating challenges faced by the carrier in recent months. Bellew ...
-
NewsRyanair and Wizz record highest traffic months in June
Expanding European low-cost carriers Ryanair and Wizz Air both saw traffic levels soar in June, underlining their return to growth since the pandemic.
-
NewsKorean LCCs deploy widebodies in summer capacity ramp-up
Two South Korean low-cost operators are ramping up international flying, coinciding with the peak summer travel period and as the country eases travel restrictions.
-
NewsKorean prepares fleet old and new for capacity step up
Korean Air’s plan to raise to capacity as Covid travel restrictions continue to ease will come as some of its grounded aircraft are returned to service and the airline prepares to introduce its second new aircraft type this year.
-
NewsKLM repays last of Covid state aid
Dutch carrier KLM is to repay the remainder of the €942 million it borrowed from the state and banks under a loan package granted during the Covid-19 crisis.
-
NewsSpirit delays shareholder vote on Frontier bid to 8 July
Ultra-low-cost carrier Spirit Airlines has once again delayed a planned shareholder vote on its potential acquisition to give it more time to negotiate with its two potential suitors, Frontier Airlines and JetBlue Airways.
-
NewsKenya Airways and SAA chiefs see partnership as key to unlocking African growth
The respective chief executives of Kenya Airways and South African Airways see the chance to unlock the potential of greater air connectivity within Africa as the reward as they work on developing plans for a pan-African operation.